Breaking this barrier is being harder than expected but the volume today is extraordinarily good, however, for the moment,neither side, Bulls or Bears, are willing to throw in the towel.
Open interest is on the rise, more contracts are opening accompanying the price rise, just as the volume of purchase seems to want to be in favor of the bulls. These are super bullish enough to justify a higher value.
Besides, we have a nice inverted Head and shoulders pattern indicating a probable target of $21,000.
Actually, passing from 10K to 19K has been really fast if you ask me, we have passed the particular consolidation levels really rapidly between both prices. As you can see below, from early October till now we have experienced 4 Consolidations, being this last one the longest.
20 days of hesitation already!
Damn BITCOIN!! Break that bloody resistance now,
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted first on HIVE Blockchain